Cryomax Cooling System (TPE:1587) Days Payable : 67.21 (As of Jun. 2024)

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What is Cryomax Cooling System Days Payable?

Cryomax Cooling System's average Accounts Payable for the three months ended in Jun. 2024 was NT$291 Mil. Cryomax Cooling System's Cost of Goods Sold for the three months ended in Jun. 2024 was NT$395 Mil. Hence, Cryomax Cooling System's Days Payable for the three months ended in Jun. 2024 was 67.21.

The historical rank and industry rank for Cryomax Cooling System's Days Payable or its related term are showing as below:

TPE:1587' s Days Payable Range Over the Past 10 Years
Min: 37.53 Med: 44.47 Max: 65.35
Current: 63.2

During the past 13 years, Cryomax Cooling System's highest Days Payable was 65.35. The lowest was 37.53. And the median was 44.47.

TPE:1587's Days Payable is ranked worse than
52.62% of 1277 companies
in the Vehicles & Parts industry
Industry Median: 65.91 vs TPE:1587: 63.20

Cryomax Cooling System's Days Payable increased from Jun. 2023 (46.27) to Jun. 2024 (67.21). It may suggest that Cryomax Cooling System delayed paying its suppliers.

Cryomax Cooling System Days Payable Historical Data

The historical data trend for Cryomax Cooling System's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Cryomax Cooling System Days Payable Chart

Cryomax Cooling System Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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58.05

45.93

39.25

39.73

51.40

Cryomax Cooling System Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															46.27	64.83	58.75	57.38	67.21

Competitive Comparison of Cryomax Cooling System's Days Payable

For the Auto Parts subindustry, Cryomax Cooling System's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Cryomax Cooling System's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Cryomax Cooling System's Days Payable distribution charts can be found below:

* The bar in red indicates where Cryomax Cooling System's Days Payable falls into.

Cryomax Cooling System Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Cryomax Cooling System's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (230.411	+	242.015)	/	2 )	/	1677.394	*	365
=	236.213					/	1677.394	*	365
=	51.40

Cryomax Cooling System's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (262.509	+	319.643)	/	2 )	/	395.163	*	365 / 4
=	291.076					/	395.163	*	365 / 4
=	67.21

Cryomax Cooling System Days Payable Related Terms

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Cryomax Cooling System Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Cryomax Cooling System Corp (TPE:1587) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 28, Gongqu Road, Fangyuan Industrial Park, Houliao Village, Fangyuan Township, Changhua, TWN

Website

https://www.cryomaxcooling.com

Cryomax Cooling System Corp is engaged in the manufacturing, processing, trading, and exporting of metal water tanks for various vehicles. The company primarily provides automobile cooling system products, including automobile water tanks, intercoolers, oil coolers, and condensers, as well as components for automobile cooling systems, including sinks, fixed plates, cores, and sealing gaskets, among others. Its products are applied in minibusses, light trucks, trucks, generators, and off-road vehicles, among others.

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